Banco Do Brasil (OTCMKTS:BDORY) Stock Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Banco Do Brasil's stock has fallen below its 200-day moving average of $4.44, trading at $3.77 recently, indicating a downward trend.
• Analyst sentiment is lukewarm, with Bradesco Corretora recently downgrading the stock to a "neutral" rating, contributing to a consensus rating of "Hold".
• The bank recently declared a dividend of $0.0104, reflecting a high yield of 745.0%, despite a low dividend payout ratio of 7.23%.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.44 and traded as low as $3.71. Banco Do Brasil shares last traded at $3.77, with a volume of 254,472 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Bradesco Corretora downgraded shares of Banco Do Brasil to a "neutral" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Banco Do Brasil Trading Down 0.8%

The company's fifty day moving average is $3.80 and its two-hundred day moving average is $4.44. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 1.96 and a beta of 0.59.

Banco Do Brasil Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were issued a $0.0104 dividend. This represents a yield of 745.0%. The ex-dividend date was Wednesday, June 4th. Banco Do Brasil's dividend payout ratio is 7.23%.

Banco Do Brasil Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.

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